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Fulton County, GA, commission to give Grady $10 million to meet payroll

Atlanta Journal-Constitution, September 3, 2009

A Fulton County, GA, Commission agreed to come to the aid of cash-strapped Grady Memorial Hospital with $10 million officials say is needed for the hospital to meet payroll next month. Grady CEO Michael Young said without immediate cash from Fulton, the hospital's line of credit with Wachovia Bank would be used up by mid-October and the system's tenuous financial condition would collapse. Young complained Fulton County had not paid Grady for indigent care since May, leaving the hospital more than $10 million short.